KUALA LUMPUR (Oct 20): Awantec Bhd (KL:AWANTEC) has secured an RM8.68 million contract to supply and implement an enterprise resource planning (ERP) system for TH Plantations Bhd (KL:THPLANT).

In a filing with Bursa Malaysia on Tuesday, Awantec said its wholly-owned subsidiary Awantec Systems Sdn Bhd accepted a letter of award from TH Plantations on Oct 20 for the supply, implementation, configuration, testing, training, commissioning, support and maintenance of the Sage X3 ERP system for TH Plantations and its subsidiaries.

The contract runs for 60 months from Oct 1, 2026, to Sept 30, 2031.

TH Plantations is principally involved in oil palm cultivation, fresh fruit bunch processing and the marketing of crude palm oil, palm kernel and fresh fruit bunches. The ERP deployment will cover the group’s operational footprint across its entire network of comapnies, estates and palm oil mills.

Awantec said the contract is expected to have a positive impact on the group’s earnings per share and net tangible assets per share over the contract period.

Awantec’s share price closed one sen or 4.55% lower at 21 sen on Tuesday for a market capitalisation of RM166 million.

Shares of TH Plantations settled unchanged at 50 sen for a market value of RM442 million.